2015 Ezine Newsletter


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CRO Newsletter Issue 141a

COMMENCEMENT OF NEW COMPANIES ACT 2014

The Companies Act 2014 will commence on 1st June 2015. It will replace the Companies Acts 1963-2013.

NOTHING WILL BE CHANGING BEFORE THEN.

To prepare for the changes the CRO are publishing a number of interim ezines to highlight some of the main changes taking place. More detailed information is available from our dedicated tab on the CRO website

www.cro.ie

CHANGES UNDER NEW COMPANIES ACT 2014 

MORTGAGES

From June 1st 2015, there will be changes to the registration of charges procedures. A new method of notifying the CRO is being introduced as the new Act is introducing a change to the priority of charges.

For more information to Mortgages under the new act
 
EXTERNAL COMPANIES

From June 1st 2015, all existing external companies registered as Places of Business will be removed from the register.

For more information go to Externals under new act tab

VOLUNTARY STRIKE-OFF

From June 1st 2015, the voluntary strike-off procedure will become a formal procedure under the new Act. It will be possible for objections/cancellations to be submitted within a 90-day period. The voluntary strike-off application (H15 form) will have to be signed by all of the directors of the company. Applicants should be aware of the timelines in respect of each of the requirements. 
 
For more information please go Strike-off under new act tab
 
FOREIGN DISQUALIFICATION

From June 1st 2015, any director of a company who is subject to a foreign disqualification subsequent to their appointment, must file a form with the CRO. (This does not apply to directors who filed a form
B74 with their notice of appointment - only to disqualifications not notified to the CRO previously).

For more information go to https://www.cro.ie/New-Act-2014/Directors-Duties

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